Long-Term Lease

Long-Term Lease

A lease for longer than one, five or 10 years, depending on the specific asset being leased. For example, commercial property usually has long-term leases for five or more years, while residential property often carries long-term leases for more than one year. A long-term lease locks in the price one pays for the asset, which is usually advantageous because prices often trend upward. However, long-term leases offer little flexibility. For example, one may have to pay significant penalties if one cancels a long-term lease. One humorous example of a long-term lease is the Guinness brewery in Ireland, which Arthur Guinness rented for 9,000 years for 45 pounds per year.
References in classic literature ?
Caverly owned farms in Orange County that had been leased out for long periods (the lives of three persons named at the moment the lease was granted) but which were now about to revert to him--such long-term leases, in the Hudson Valley, led to the so-called anti-rent war that was breaking out at the time Cooper wrote this book; twelve and a half cents = an English shilling, still often used in conversation in America; nabobs = rich men (usually businessmen of recent affluence)}
Delivered two new B747-8 Freighter aircraft on long-term lease to AirBridgeCargo Airlines (ABC) in March & September.
Heller, Avison Young, Principal and Managing Director of the company's New Jersey office, is announcing the firm arranged a new 50,000-square-foot long-term lease for Hitachi Chemical Advanced Therapeutics Solutions (HCATS), a fed global service provider specializing in cellular therapies, research, and development.
Contract award notice: long-term lease with the service servicing vehicle for organizational units of the company.
It is better if the foreign investors make a long-term lease agreement and invest in Macedonia --said Deputy-Minister for Economy Kristijan Delev
It purchased eight new Boeing 787-9 aircraft for lease to Vietnam Airlines (delivering in 2017 and 2018); purchased one 777-300ER from Macquarie Aviation on long-term lease to Emirates; one incremental Airbus A330-200 on long-term lease to KLM (delivering 2013); one A330-300 on long-term lease to Sichuan Airlines (delivering in 2013); a four-year extension from Sichuan on one A319 on lease from ALC; and one Embraer E-190 leased to LAM (delivering in 2012).
a California-based company that specializes in buying retail properties and leasing them back to the original chains under long-term lease agreements.
He said, `They are never going to give you a long-term lease.
IT'S D-Day for Limerick FC today when club chiefs hope to finalise a long-term lease on their Hogan Park home.
The pipeline system has been operated by Alon and its predecessor, Fina, for 20 years under long-term lease arrangements but now reverts to Alon's control.
NORDIC BUSINESS REPORT-13 January 2004-Skanska Fastigheter Goteborg AB secures long-term lease contracts(C)1994-2004 M2 COMMUNICATIONS LTD http://www.
467(b)(5)essentially provides that these safe harbors will apply only to disqualified leasebacks and long-term lease agreements, and not to leases that fall under the constant rental provisions by reason of a failure to allocate rents in the agreement to the periods covered.

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